T1 ENERGY INC (TE)
Information Technology · photovoltaic solar manufacturing · NYSE
T1 Energy manufactures high-efficiency domestic solar modules and cells in Texas, building a vertically integrated U.S. supply chain to capture IRA tax credits and meet utility-scale decarbonization demand.
What T1 ENERGY INC does
T1 Energy Inc. (formerly FREYR Battery) is a U.S.-based solar manufacturer building an integrated domestic supply chain for photovoltaic solar modules and cells. The company operates a 5 GW solar module manufacturing facility in Wilmer, Texas (G1_Dallas) producing high-efficiency PERC and TOPCon solar modules, and is constructing a 2.1 GW solar cell fabrication plant in Milam County, Texas (G2_Austin) to be completed in late 2026. T1 focuses on high-domestic-content, technologically advanced solar products for the U.S. utility-scale solar market, positioning itself to qualify customers for domestic content tax credits and meet regulatory requirements.
Themes: ["domestic solar manufacturing / US supply chain","utility-scale solar / renewable energy","IRA / tax credits / domestic content incentives","advanced solar cell technology"]
Fundamentals
- Price$7.26 as of 2026-07-09 close
- Market cap$2.0B as of 2026-07-10
- 1-year return+390.5% as of 2026-07-09 close
- Net margin-42.3% as of 2026-07-10
- Gross margin+7.6% as of 2026-07-10
- ROE-145.8% as of 2026-07-10
- Debt / equity1.22 as of 2026-07-10
- Revenue growth (YoY)+174.8% as of 2026-07-10
- Beta2.23 as of 2026-07-10
Key risks (from latest filing)
["Ability to construct and equip manufacturing facilities (G2_Austin) in a timely and cost-effective manner, with anticipated production start late 2026","Concentration of operations in Texas and dependence on limited suppliers; exposure to international supply chain disruptions and raw material cost volatility","Qualification and compliance with Section 45X advanced manufacturing production credit and Section 48E domestic content investment tax credits, particularly following OBBBA restrictions enacted July 2025"]
Competitors & peers
- Canadian Solar (CSIQ)
- First Solar (FSLR)
- Sunrun (RUN)
- Enphase Energy (ENPH)
- Silfab Solar
- REC Group
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.